Saturday, December 4, 2021

    Investors Reverses Sentiment as NGX-ASI Decline Marginally by 0.01%

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    On Tuesday, the Nigerian equities market reversed the previous day’s positive sentiment as the market indicators declined marginally by 0.01 percent following the price depreciation in a few blue-chip stocks.

    As a result, the market index (All-Share Index) dipped by 4.99 basis points, representing a decline of 0.01 percent to close at 43,255.14.

    While the Market Capitalization gained ₦0.59Bn, representing an increase of 0.003 percent to close at ₦22.58 trillion.

    → Also, the market activities were bearish as the Total Volume and Value traded depreciated by 90.93 percent and 82.34 percent, respectively.

    A total of 217.97 million units valued at ₦2.91 billion were transacted in 4,158 Deals.

    GTCO topped the traded stocks in terms of volume, accounting for 16.60 percent of the total volume of trades, trailed by FBNH (14.47%), ZENITHBANK (6.16%), ACCESS (6.01%), and HONYFLOUR (4.52%) to complete the top five on the volume chart.

    Also, GTCO emerged as the most traded stock in value terms, with 31.63 percent of the total value of trades on the exchange.

    → HONYFLOUR remained the most profitable stock for the day, topping the gainers’ chart with a price appreciation of 9.95 percent, followed by JAPAULGOLD (2.56%), WEMABANK (2.47%), FLOURMILL (1.71%), ACCESS (1.65%), UNILEVER (1.48%), UBN (1.02%), ETI (0.57%), UCAP (0.51%), NAHCO (0.28%) and nine (9) others.

    Conversely, 15 stocks remain depreciated in price led by UPDC with price depreciation of 9.35 percent to close at ₦1.26, as CHAMS (-4.55%), FIDELITYBK (-3.85%), LIVESTOCK (-2.38%), DANGSUGAR (-1.21%), OANDO (-0.97%), AFRIPRUD (-0.78%), UBA (-0.61%) and GTCO (-0.20%) also dipped in price.

    Meanwhile, the market breadth closed positive, recording 19 gainers and 15 losers.

    → Conclusively, only the Banking sector had a positive sentiment with 0.21 percent compared to the previous day. While, the Insurance (-1.97%), Oil & Gas (-0.20%) and Consumer Goods (-0.16%) declined, respectively, as Industrial Goods remain unchanged.

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